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How could Washington avoid a debt ceiling default? Mint a few trillion dollar platinum coins. Seriously | AEIdeas

How could Washington avoid a debt ceiling default? Mint a few trillion dollar platinum coins. Seriously | AEIdeas | The Money Chronicle | Scoop.it
The public policy blog of the American Enterprise Institute (@mahilena @chrislhayes @deficitowl Happy ones to you too.
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The Money Chronicle
Issues dealing with money reform and changes to our monetary system
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▶ Money creation in the modern economy - Quarterly Bulletin article - YouTube

For the Bulletin article on money creation, see: www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q1prereleasemoneycreation.pdf Film...
Dai's insight:

“Most money in the modern economy is in the form of bank deposits, which are created by commercial banks themselves…  When a bank makes a loan to one of its customers it simply credits the customer’s account with a higher deposit balance. At that instant, new money is created…”

 

the relationship between reserves and loans typically operates in the reverse way to that described in some economics textbooks. Banks first decide how much to lend depending on the profitable lending opportunities available to them…It is these lending decisions that determine how many bank deposits are created by the banking system. The amount of bank deposits in turn influences how much central bank money banks want to hold in reserve (to meet withdrawals by the public, make payments to other banks, or meet regulatory liquidity requirements), which is then, in normal times, supplied on demand by the Bank of England

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97% Owned Positive Money Directors Cut

97% Owned Positive Money Directors Cut To join the campaign to democratise money see Watch the sequel: When mo. Watch the sequel: 97% owned present serious r...
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What Is Money And How Is It Created?

These should be two of the easiest questions to answer in economics; after all, money is the one thing that we all use in an economy—surely we know what it is, and where it comes from?
Click here to read the rest of this post.
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QE for Europe - an Opportunity Lost - Positive Money

QE for Europe - an Opportunity Lost - Positive Money | The Money Chronicle | Scoop.it
Tweet Quantitative easing is back, only this time in the Eurozone. But is the ECB making the right decision?
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Job Guarantee Presentation in Madrid Spain

Job Guarantee Presentation in Madrid Spain | The Money Chronicle | Scoop.it
Job Guarantee Presentation in Madrid Spain
Job Guarantee Presentation in Madrid Spain
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Reforming the Monetary System in Greece (2) – The Tethered Money proposal by Shann Turnbull | P2P Foundation

Reforming the Monetary System in Greece (2) – The Tethered Money proposal by Shann Turnbull | P2P Foundation | The Money Chronicle | Scoop.it
Earlier this week we featured an article by Chris Cook originally published by Pieria.co.uk. Today we feature a response to that article by Shann Turnbull.

Via jean lievens
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Bank Robbery: Banks and the Money Supply

Bank Robbery: Banks and the Money Supply | The Money Chronicle | Scoop.it
‘If it ain’t broke, don’t fix it.’ Sensible advice, especially when it comes to tinkering with the money supply: with laws about how money is made, how we get it, how we spend it.
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#023 Stephanie Kelton - Fiscal Cliffs and Inflation Shocks

Interview Date: 12th January 2013 You can find the podcast website here: http://fromalpha2omega.podomatic.com/ Our guest week this week is Prof. Stephanie Ke...
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Inequality = Privatisation of the Earth

Inequality = Privatisation of the Earth | The Money Chronicle | Scoop.it
Truthdig summarises the interview as:
Oxfam reports that just 80 people possess the same quantity of wealth as 3.5 billion others.
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Fixing Money and Banking with Populist Social Credit Mike Harris Dick Eastman - YouTube

American populist social credit -- the only way to take back national economies for the happiness and long term benefit of all the people.
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Greece: Austerity for the Bankers

Greece: Austerity for the Bankers | The Money Chronicle | Scoop.it
Michael Hudson says Greece’s Finance Minister Varoufakis is proposing austerity on the banking class rather than on the working class to balance the budget.
SHARMINI PERIES, EXEC. PRODUCER, TRNN: Welcome to The Real News Network.
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The "Angry Birds" Approach to Understanding Deficits in the Modern Economy

Is the USA really going broke? Are we mortgaging the future of our children because of our reckless, out-of-control government spending? Are we really at the...
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Webtransfer. Presentation by Godwin Kiwinda. Social Credit Network.

LINK FOR REGISTRATION: https://webtransfer-finance.com/ru/?id_partner=73776931.
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Speaking with George Galloway on Sputnik about HSBC

I was interviewed by George Galloway on his show Sputnik about the HSBC scandal, and banking scandals in general. Click here to see the show (I can’t embed it here since it’s in Flash format)
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200 Years Ago, We Didn't Have To Explain "Where Money Comes From" To All Citizens. More Knew Then Than Do Now!

200 Years Ago, We Didn't Have To Explain "Where Money Comes From" To All Citizens. More Knew Then Than Do Now! | The Money Chronicle | Scoop.it
   (Commentary posted by Roger Erickson) Battle Over Banking: A Public Bank for the Republic of Vermont (1803) The first part is is a fascinating historical story, for multiple reasons.  First, for the mere fact that a savvy set of state...
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Irish-Style Banking Inquiry into the 2008 Financial Crisis

Irish-Style Banking Inquiry into the 2008 Financial Crisis | The Money Chronicle | Scoop.it
Irish-Style Banking Inquiry into the 2008 Financial Crisis
NEP’s Bill Black on The Real News Network discussing his recent testimony in Ireland for a banking inquiry and the challenges the country faces in acknowledging its financial crisis.
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How to Fix Money and Banking System - Positive Money Proposals

How to Fix Money and Banking System - Positive Money Proposals | The Money Chronicle | Scoop.it
Tweet Sign the petition! Tell the future Prime Minister of the UK that money creation should only be used in the public interest. We need to know your name. Please check your email is valid. not in the UK?
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Stephanie Kelton The National Debt and modern money theory • /r/Economics

Stephanie Kelton The National Debt and modern money theory • /r/Economics | The Money Chronicle | Scoop.it
0 points et 2 commentaires sur reddit
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Reforming the Monetary System in Greece (2) – The Tethered Money proposal by Shann Turnbull | P2P Foundation

Reforming the Monetary System in Greece (2) – The Tethered Money proposal by Shann Turnbull | P2P Foundation | The Money Chronicle | Scoop.it
Earlier this week we featured an article by Chris Cook originally published by Pieria.co.uk. Today we feature a response to that article by Shann Turnbull.

Via jean lievens
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Robert Reich: America Is Winning The Race To The Bottom

On February 24, 2015, Robert Reich writes on Salon:
GM is worth around $60 billion, and has over 200,000 employees. Its front-line workers earn from $19 to $28.50 an hour, with benefits.
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Randy Wray — The Spanish Launch of Modern Money Theory

Sorry, I’ve been very busy in recent weeks, finishing up a book on Minsky and revising my Modern Money Primer for a second edition (more on both of those projects later).
Meanwhile, Lola Books is gearing up to release the Primer in Spanish next week.
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This Is The Biggest Problem Facing The World Today: 9 Countries Have Debt-To-GDP Over 300%

This Is The Biggest Problem Facing The World Today: 9 Countries Have Debt-To-GDP Over 300% | The Money Chronicle | Scoop.it
On February 23, 2015, Tyler Durden writes on Zero Hedge: If anyone has stopped to ask just why global central banks are in such a rush to create inflation (but only controlled inflation, not runaway hyperinflation… of course when they fail with the...
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The Millennials’ Money Pt. 1

The Millennials’ Money Pt. 1 | The Money Chronicle | Scoop.it
The Millennials’ Money Pt. 1
By J.D. Alt
The ebook Diagrams & Dollars has been a top-seller on Amazon (in the category “macroeconomics”) for over a year now. There have been many requests for a paper-back version.
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Iceland’s Supreme Court Upholds Jail Sentences of Four Banking Executives

Iceland’s Supreme Court Upholds Jail Sentences of Four Banking Executives | The Money Chronicle | Scoop.it
Iceland’s Supreme Court Upholds Jail Sentences of Four Banking Executives Edition of the Bill Black Report at The Real News discussing the good news that Iceland’s Supreme Court upheld the jail sentences that were handed down to four banking...
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